Audio By Carbonatix
Kosmos Energy has terminated its proposed acquisition of Sabre Oil’s stake in Tano block.
Kosmos say the agreement was reached by a mutual understanding between the two parties.
JoyBusiness however learnt that the deal was halted because the two parties failed to reach an agreement on how the acquisition should be done.
The oil exploration firm earlier this year announced it was in talks with Sabre to acquire its four percent interest in the block for a little over 400 million dollars.
Kosmos was hoping to increase its stake in the block from 18 to 22.05 percent and the Jubilee field to almost 26 from 24 percent through the acquisition.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
3i Africa Summit: GhIPSS eyes cross-border payment expansion
4 minutes -
Private Vehicle Testing Stations push for machine-based vehicle testing, demands revenue share review
6 minutes -
Government to add 200MW solar power to national grid to boost renewable energy mix
8 minutes -
Conduct regular assessments of systemic importance of Ghanaian banks – IMF to BoG
13 minutes -
Inflation for April 2026 increases marginally to 3.4%
16 minutes -
Black Stars: Amoako, Opoku and Rak-Sakyi get maiden call-up for Mexico friendly
17 minutes -
Ghana seeks $22.6b in support to address climate challenges – Seidu Issifu
22 minutes -
Philanthropist and NDC executive aspirant Tony Bonsu supports Madina BECE candidates
28 minutes -
AC4NCA unveils strategic plan to advance Nature-based solutions in Africa
39 minutes -
Ghana backs gradual shift from fossil fuels to renewables, calls for fair investment support
41 minutes -
Minimie Atsomo’s “Laugh It Off” Creator Challenge ends with a grand celebration of Ghanaian creativity
42 minutes -
Kokomlemle residents welcome traffic light fix after years, demand strict enforcement
44 minutes -
Climate action is a strategic investment for Ghana’s growth, not charity — Minister
52 minutes -
We’ve taken a deliberate approach to build a market environment that supports innovation for digital financing – BoG Governor
53 minutes -
Police declare suspect wanted over double murder near Tema Golf City
1 hour